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Home Market & Analysis

DOGE Price Prediction – Dogecoin Could Restart Rally If It Holds This Support

n70products by n70products
April 2, 2024
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Dogecoin is correcting positive aspects from the $0.230 zone in opposition to the US Greenback. DOGE should keep above the $0.1750 assist zone to begin a recent improve.

  • DOGE struggled to remain above $0.225 and corrected positive aspects in opposition to the US greenback.
  • The value is buying and selling above the $0.1750 stage and the 100 easy transferring common (4 hours).
  • There was a break beneath a key bullish development line with assist at $0.2040 on the 4-hour chart of the DOGE/USD pair (information supply from Kraken).
  • The value might restart its improve until there’s a shut beneath the $0.1750 assist.

Dogecoin Value Approaches Key Help

After a gentle improve, Dogecoin worth tried extra positive aspects above the $0.230 zone. Nonetheless, DOGE struggled above $0.2250. A excessive was shaped at $0.2294 and the value began a draw back correction, like Bitcoin and Ethereum.

There was a drop beneath the $0.2050 and $0.200 assist ranges. The value dipped beneath the 23.6% Fib retracement stage of the upward transfer from the $0.1228 swing low to the $0.2294 excessive.

In addition to, there was a break beneath a key bullish development line with assist at $0.2040 on the 4-hour chart of the DOGE/USD pair. Nonetheless, Dogecoin remains to be above the $0.1750 stage and the 100 easy transferring common (4 hours).

DOGE Price Prediction

Supply: DOGEUSD on TradingView.com

On the upside, the value is dealing with resistance close to the $0.1950 stage. The subsequent main resistance is close to the $0.200 stage. An in depth above the $0.200 resistance would possibly ship the value towards the $0.2150 resistance. The subsequent main resistance is close to $0.2300. Any extra positive aspects would possibly ship the value towards the $0.2500 stage.

Extra Downsides in DOGE?

If DOGE’s worth fails to realize tempo above the $0.200 stage, it might proceed to maneuver down. Preliminary assist on the draw back is close to the $0.1820 stage.

The subsequent main assist is close to the $0.1750 stage or the 50% Fib retracement stage of the upward transfer from the $0.1228 swing low to the $0.2294 excessive. If there’s a draw back break beneath the $0.1750 assist, the value might decline additional. Within the said case, the value would possibly decline towards the $0.1480 stage.

Technical Indicators

4 Hours MACD – The MACD for DOGE/USD is now gaining momentum within the bearish zone.

4 Hours RSI (Relative Energy Index) – The RSI for DOGE/USD is now beneath the 50 stage.

Main Help Ranges – $0.1820, $0.1750 and $0.1480.

Main Resistance Ranges – $0.2000, $0.2150, and $0.2300.

Disclaimer: The article is offered for academic functions solely. It doesn’t signify the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You’re suggested to conduct your individual analysis earlier than making any funding choices. Use data offered on this web site totally at your individual danger.



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